Assistant Director-Operational Risk Management

Job title: Assistant Director-Operational Risk Management

Company: Northwestern Mutual


Job description: At Northwestern Mutual, we are strong, innovative and growing. We invest in our people. We care and make a positive difference.Summary:The Assistant Director – Enterprise Risk Management will play a critical role in advancing Northwestern Mutual’s risk management program by coordinating and monitoring the ongoing management of operational risk across the enterprise while providing strategic risk guidance and expertise to operational areas. This position involves designing, executing, and evolving the enterprise risk management strategy, collaborating with various business partners, and providing strategic risk guidance and expertise. The position reports to the Vice President and Chief Fraud Officer who is leading operational risk management execution in coordination with the Vice President Enterprise Risk Management & Resiliency and the Chief Risk Officer.Primary Duties & Responsibilities:Operational Risk Management:

• Track, report and provide insights around operational risk metrics across all areas, creating processes for data collection, analysis, and dashboard reporting.
• Promote consistent risk management approaches across operational areas through collaboration and supporting business-level risk management activities.
• Enhance NM’s operational risk management framework, including policies, appetites, tolerances, measures, methodologies, and reporting.
• Establish and document controls to address operational risks.

Regulatory and Compliance:

• Participate in internal and regulatory risk evaluations.
• Support the maturation and execution of other operational responsibilities such as the ethics program, risk response process, and risk management policy efforts.

Team Leadership and Collaboration:

• Provide strategic input and recommendations for risk management program improvements.
• Lead and mentor team members, fostering development and performance management.
• Cultivate relationships with key stakeholders to ensure alignment with enterprise strategies.
• Participate in the Enterprise Risk Executive Committee and other corporate committees as needed.

Knowledge, Skills, & Abilities:Educational Background:

• Bachelor’s or advanced degree in business, finance, risk management, or a related field.

Experience:

• Minimum of seven years of progressive experience in risk management, audit, compliance, operations, or related fields.
• Demonstrated understanding of risk management concepts and experience with risk management concepts such as risk taxonomy, risk appetite, and risk scoring strongly preferred.

Skills:

• Excellent communication and presentation skills, with the ability to influence and communicate effectively with key stakeholders.
• Strong organizational agility and comfort around senior leadership.
• Proven ability to work cross-functionally and “lead without authority.”
• Strategic thinking and the ability to connect company strategy with risk management.
• Innovative mindset with the ability to redesign processes and drive transformation.
• Strong problem-solving skills and the ability to address complex issues with effective solutions.
• Leadership skills, including decision-making, consultation, and people management.
• Trusted advisor with strong collaborative relationship-building skills.

Competencies:

• Ability to cope with ambiguity and change.
• Enterprise acumen to understand how initiatives drive business outcomes.
• Strong planning, strategy, and operations skills.

#LI-HybridCompensation Range:Pay Range – Start: $92,750.00Pay Range – End: $172,250.00Northwestern Mutual pays on a geographic-specific salary structure and placement in the salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity as well as the cost of labor in the market; and other conditions of employment. At Northwestern Mutual, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. Please note that the salary range listed in the posting is the standard pay structure. Positions in certain locations (such as California) may provide an increase on the standard pay structure based on the location. Please c lick for additional information relating to location-based pay structures.Grow your career with a best-in-class company that puts our client’s interests at the center of all we do. Get started now!We are an equal opportunity/affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender identity or expression, sexual orientation, national origin, disability, age or status as a protected veteran, or any other characteristic protected by law.If you work or would be working in California, Colorado, New York City, Washington or outside of a Corporate location, please click for information pertaining to compensation and benefits.FIND YOUR FUTUREWe’re excited about the potential people bring to Northwestern Mutual. You can grow your career here while enjoying first-class perks, benefits, and commitment to diversity and inclusion.

• Flexible work schedules
• Concierge service
• Comprehensive benefits
• Employee resource groups

PandoLogic. Category:Finance, Keywords:Risk Management Director, Location:Milwaukee, WI-53205

Expected salary:

Location: Milwaukee, WI

Job date: Mon, 03 Feb 2025 08:12:50 GMT

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